Lockheed Martin Corp. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1977.5× the size of Lockheed Martin Corp. • Robinhood Token (LMT) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.24 across 39 shared trading days). LMT has been the more volatile of the two, at 86% annualised against SPCXB's 71%.

Correlation: -0.24
Size ratio: 1 : 1977.5

Lockheed Martin Corp. • Robinhood TokenLMT

$593.1200

24h: -7.51%
Market cap: $92,431
Volume 24h: $18,194
Volatility (ann.): 86%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.4200

24h: -10.39%
Market cap: $182.78M
Volume 24h: $46.58M
Volatility (ann.): 71%

LMT 0.1%Share of the two combined market caps99.9% SPCXB

Performance

LMTSPCXB

7 days-4.38%-6.33%LMT
30 days+14.52%-21.79%LMT
90 days—+17.70%—

Correlation

-0.24over 39 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2590d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	LMT	SPCXB
Max drawdown (400d)	-9.8%	-47.5%
Risk-adjusted return (90d)	0.13	0.28

Relative strength over 90 days: LMT outperformed SPCXB by 17.0% — measured on the LMT/SPCXB ratio, so it holds regardless of market direction.

Lockheed Martin Corp. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →